NxTV Earns ‘Fastest Growing’ Awards from Business Press
NxTV, first and largest provider of IP VOD, honored for outstanding revenue growth
LOS ANGELES, CA, November 19, 2007. NxTV, Inc, the first and largest provider of Internet Protocol Video on Demand (IP VOD), IPTV and interactive digital IP-based in-room entertainment and technology solutions in the hospitality industry, today announced it was named the tenth fastest growing company in Los Angeles County by the LA Business Journal. The company's exceptional 119 percent year-over-year growth also earned it the ranking of "No. 2 Fastest Growing Company Overall" by the San Fernando Valley Business Journal.
"NxTV has just scratched the surface of its growth," said Russell P. Reeder, president and COO of NxTV, Inc. "Being good at what you do and first in a rapidly developing space is the right place to be." Reeder attributes the company's growth to an expanding digital media market, a demand for video-on-demand service and to its early entry into the market. NxTV was also named to the Inc. 500 2007 list of the country's fastest growing private companies by posting a three-year sales growth of 736% from 2003 to 2006.
NxTV is the leader in delivering superior guest entertainment experience with crystal-clear HD picture quality. "We also provide the largest library of IP VOD movies and a faster time to market via our highly scalable fourth-generation IP distribution platform," said Reeder. "NxTV's focus on picture quality and providing the latest major studio content enables our upscale-segment hotel customers to boost revenue and this sets it apart."
The NxTV high definition IP VOD system enables hotel owners to take full advantage of new IP technology and provide guests the ultimate on-screen entertainment experience. The company's extensive suite of ultra-crisp HD IP VOD entertainment and other personalized video services are stored on the hospitality industry's highest capacity digital entertainment servers. NxTV delivers VOD movies to guest rooms via a hotel's converged IP network to best serve guest needs while maximizing revenue-building opportunities for clients.
NxTV's IP-based system enables the property to communicate with a wide variety of in-room technologies, including VoIP, minibars, climate control and POS systems, without the cost and effort of installing and maintaining separate networks for each hotel application.
NxTV is also the first and only VOD vendor to earn Hotel Technology Next Generation (HTNG) certification for its 'single guest itinerary' display functionality. This means it complies with HTNG industry standards that enable NxTV to interface with other certified third-party systems to display guest reservation information including hotel check-in and check-out, spa appointments, golf tee times and restaurant reservations on hotel room televisions. (HTNG is a leading, self-funded, non-profit technology solutions association in the hospitality industry.)
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
